Top Crypto News from Asia from Aug 26th to Aug 29th

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Alipay and its parent company Ant Financial to partner with local Chinese authorities to use blockchain for ensuring the authenticity of rice. http://bit.ly/2Nx5PT1

A self-regulatory organization founded by the People’s Bank of China has added a “token sales” category to its platform that allows the public to reporton potentially illegal financial activities. http://bit.ly/2MCe2cq

Baidu, the operator of China’s dominant internet search engine, has shut down some of its popular cryptocurrency-related chat rooms.http://bit.ly/2N04l6I

China’s Guangzhou city isfollowing the lead of Beijing’s financial district in banning activities that promote cryptocurrencies. http://bit.ly/2NsZQ1C

A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies. Also, a technology firm in the country is developing an exchange platform for bitcoin. http://bit.ly/2MEctdM

Despite an infamous crackdown on digital assets, the Reserve Bank of India has created a task force to explore avenues and unique use-cases pertaining to blockchain technology, artificial intelligence and cryptocurrencies. http://bit.ly/2MzT4ej

💼 Business News

Content Box, the reverse ICO of the global audio content platform Castbox, will be listed on the Korean cryptocurrency exchange CpDAX. To learn more about the reverse-ICO phenomenonin Korea, check out the podcast we had with GBIC. http://bit.ly/2MxPL7f

Bitmain, Canaan Inc and Ebang, three of the world’s largest bitcoin mining equipment makers plan to raise billions of dollars with initial public offerings in Hong Kong. http://bit.ly/2MCtFAE